DEPOSITORS

Kolkata: Keeping to her promise to return money to the poor who had invested in the Saradha Group which went bust in April this year, Chief Minister Mamata Banerjee on Monday distributed cheques to 929 such depositors.
Those who received cheques, as recommended by the Justice (Retd) Shyamal Sen Commission set...

Kolkata:The CPIM on Sunday attacked West Bengal Chief Minister Mamata Banerjee for her plans to compensate duped investors of the Saradha Group chit fund, terming it "illegal" to distribute public money among those who incurred losses by parking funds in private companies.
"The state treasury belongs to the people of West...

Mumbai: Amid rising incidents of fraudulent investment schemes hitting investors, the Reserve Bank on Friday asked the public to carefully evaluate their decisions before depositing money with financial entities including NBFCs. The exhaustive advisory of dos and don'ts comes against the backdrop of investment schemes such as the multicrore Saradha...

Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros. The lastminute deal has cleared the way for a 10 billion euro bailout from the European Union.
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London: Stocks around the world and the euro fell sharply Monday as investors fretted over a plan to tax depositors in Cypriot banks as a way to partly fund a bailout of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of...